UK’s tech stocks outperform main market by 19 per cent February 17, 2021 Interest in technology stocks has piqued during the pandemic and are now outperforming their FTSE peers, according to exclusive data shared with City A.M. The FTSE techMARK 100, London’s technology index, rose seven per cent last year as the FTSE floundered and shed 12 points, research by Bowmore Asset Management shows. After what has essentially [...]
Brexit is ‘remarkable opportunity’ to change City regulations, say MPs February 17, 2021 Brexit will provide the UK with a “remarkable opportunity” to change its financial services regulation in a bid to make the City more competitive globally, according to a cross-party group of MPs. A report from the All Party Parliamentary Group on financial services said the UK must not shy away from diverging from EU rules [...]
UK house prices grow at fastest pace since 2014 – but London property slumps February 17, 2021 UK house prices grew at the fastest pace in more than six years in December, but property price growth in London slowed, according to the latest official data. The average price of a house in the UK increased 8.5 per cent in the year to December, up from 7.1 per cent in the previous months, [...]
Live events could drive UK’s mass Covid testing push, says UK Music boss February 17, 2021 The live events sector could be a key driver of the government’s plans to launch a mass Covid testing blitz in England as lockdown is lifted, the chief executive of UK Music has said. Jamie Njoku-Goodwin, a former aide to health secretary Matt Hancock, said widespread testing using lateral flow tests “has huge potential to [...]
World’s first Covid-19 study where people are infected with virus to begin in London February 17, 2021 World's first Covid-19 study, where people are injected with virus, begins in London
City grandee Crispin Odey ‘lunged’ at woman, court hears February 17, 2021 Hedge fund multimillionaire Crispin Odey “lunged” at a young woman and groped her breast during an alleged assault more than 20 years ago, a court heard today. Odey, 62, has denied a single charge of indecent assault at Hendon magistrates’ court in North London. Prosecutor Kerry Broome told the court that Odey accepted he propositioned [...]
UK to announce secretive £800m science research agency called Aria February 17, 2021 The government is set to announce a new £800m research facility that will invest in high-risk military projects. It will be called the Advanced Research and Invention Agency (Aria) and is based on the US’ Defense Advanced Research Projects Agency (Darpa), which has overseen the creation of experimental military technologies. Darpa and its predecessor agency [...]
Ford begins drive to electrify all European cars by 2030 February 17, 2021 Auto giant Ford has today announced that its European car lineup will be fully electrified by 2030. With a number of European countries set to ban diesel and petrol cars at the end of the decade, the US firm is the latest carmaker to commit to an all-electric future. By 2026, the firm said that [...]
Will new all-time-high and a huge milestone spark even more interest in Bitcoin? February 17, 2021 Bitcoin sets yet another ATH sweeping through the psychological $50k level. Do all roads now lead to $200k? Crypto at a glance Well, it finally happened. After a weekend of casual flirting and premature announcements (it was Valentine’s Day, after all), Bitcoin finally and definitively broke through that all-important $50,000 landmark price and is currently [...]
City Moves 17 February: Who is switching jobs in the Square Mile this week? February 17, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. This week we see movements across the financial sector, with the City of London Group, BNP Paribas and Gateley Capitus all welcoming fresh additions. BNP Paribas AM gets new deputy CEO BNP Paribas Asset Management appointed a [...]
